Icer Properties Acquires Multifamily Asset In Atlanta, GA For $43.5M

The multifamily property located at 2909 Campbellton Rd. SW in Atlanta, GA has been sold. The transaction took place on 01/25/2022 and the property was sold by Olive Tree Investments. The buyer, Icer Properties represented by Joseph Jemal, acquired the property for a sale price of $43,500,500.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $43,500,500
• Address: 2909 Campbellton Rd. SW, Atlanta, GA
• Market: Atlanta, GA

The sale involved a total of 375 units, with an average price per unit (PPU) of $116,001. The property spans a total area of 350,000 square feet, resulting in a price per square foot (PPSF) of $124. The transaction was facilitated by brokers Steven Vegh and Phil Goldstein of Westwood Realty Associates.